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Determinants of audit fees: Evidence from Poland

Author

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  • Rewczuk Karol

    (Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland)

  • Modzelewski Piotr

    (Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland)

Abstract

Unlike many studies concerning audit fees in Western Europe or the United States, literature concerning this kind of research is very limited in Central and Eastern Europe. This study aimed to show what factors shape audit fees in Poland. It was conducted based on data collected from the financial statements of 111 companies listed on the Warsaw Stock Exchange in 2018. The study used a linear regression model to verify the determinants of audit fees. The research results indicate a positive relationship between audit fees and company size, measures of complexity (in addition to the ratio of inventories and receivables to total assets) and the fact that a company is audited by the ‘Big Four’ accounting firms.

Suggested Citation

  • Rewczuk Karol & Modzelewski Piotr, 2019. "Determinants of audit fees: Evidence from Poland," Central European Economic Journal, Sciendo, vol. 6(53), pages 323-336, January.
    • Handle: RePEc:vrs:ceuecj:v:6:y:2019:i:53:p:323-336:n:19
    DOI: 10.2478/ceej-2019-0020
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    References listed on IDEAS

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    Cited by:

    1. Tache Marta, 2020. "‘Big 4’ influence on audit market," Central European Economic Journal, Sciendo, vol. 7(54), pages 143-156, January.

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    More about this item

    Keywords

    audit fee; statutory auditor; accounting; Warsaw Stock Exchange;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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